BOI MD Claims They’ve Disbursed N692bn Loans in 10 Years and Created “One Million Jobs”

The Managing Director, Bank of Industry (BOI), Alhaji Rasheed Olaoluwa, yesterday said the bank had disbursed N692 billion as loans to industrialists nationwide in the past 10 years. Olaoluwa made this known to journalists in Ilorin during the pre-inauguration visit of the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, to Kam Industries. The […]

The Managing Director, Bank of Industry (BOI), Alhaji Rasheed Olaoluwa, yesterday said the bank had disbursed N692 billion as loans to industrialists nationwide in the past 10 years.

Olaoluwa made this known to journalists in Ilorin during the pre-inauguration visit of the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, to Kam Industries.
The News Agency of Nigeria (NAN) reported that Aganga was in Ilorin to inspect the Cold Roll Mill project of Kam Industries.

Olaoluwa said the bank had financed about 2,000 projects amounting to N296 billion in the last 10 years across the country.

The managing director also said one million jobs were created through the loans accessed by the industrialists.

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